FICO is the acronym for Fair Isaac Corporation that created the popular FICO score that lenders use as one of multiple scores to assess the creditworthiness of loan applicants.

In a website purchase involving debt financing from a traditional lender, a borrower’s personal FICO score may be assessed by the lender if the lender does not feel comfortable with the quality of the business assets.

The loan applicant’s current level of debt, past debt payment history, and length of credit history are some of the factors analyzed to determine a FICO score. The score is between 300 and 850 with higher scores indicating a higher level of creditworthiness.